Summary of The Only Technical Analysis Video You Will Ever Need... (Full Course: Beginner To Advanced)

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00:00:00 - 01:00:00

This video provides an overview of technical analysis, including how to use candlestick charts, moving averages, and support and resistance levels to make better trading decisions. It also discusses different chart patterns that can be used to identify potential reversals and entries in the market.

  • 00:00:00 Candlestick charts are used to visualize price movements over a specific period of time. Each candlestick on the chart represents a particular amount of price movement, and each candle has two parts - the body and the wick. The open, high, low, and close of the candle are all indicated by the corresponding letter in the candlestick's name.
  • 00:05:00 The video provides a comprehensive overview of candle analysis, including the difference between a red and green candle, how to identify trends, and how to trade based on trend direction. It also provides an objective way to identify trend, using a trending market as an example.
  • 00:10:00 This video provides an overview of technical analysis, including the concepts of an impulsive move, a pullback, and an uptrend. The video also provides an example of how to identify an uptrend and a downtrend.
  • 00:15:00 This video discusses how to use support and resistance in order to make better trading decisions in a trending market. It discusses how to use a break and re-test strategy to determine where the market is likely to breakout and reach a new high or low.
  • 00:20:00 In this video, the instructor explains how to use support and resistance levels to find entry points in trending markets. For a bullish example, they use a previous high as a target and for a bearish example, they use a previous low.
  • 00:25:00 The atr indicator is a useful tool for predicting the average movement of price over the last 14 candles. It can be used to help traders identify areas of value and trend in a market, as well as to set stops and targets.
  • 00:30:00 Moving averages can be used to help traders identify trends, set stop losses, and determine targets. Moving averages can also be used to help define trends in candlestick charts.
  • 00:35:00 The video discusses different ways to use moving averages, including as an objective to define trend, as an area of value, and as a trailing stop. The three most commonly-used moving averages are the 20-period moving average, the 50-period moving average, and the 200-period moving average. All three provide areas of value, depending on the market conditions at the time the moving average is used. The rsi indicator is also discussed.
  • 00:40:00 The 382 candle is a bullish candlestick pattern that indicates that buyers are in control of the market and that prices are likely to rise in the future. The hammer and shooting star candles are also bullish patterns, and the 38.2 candle is one of the most popular candlestick patterns because it is simple to identify and it has a consistent rule for interpretation.
  • 00:45:00 The 38.2 candle is a common technical analysis pattern used to identify potential market reversals or trend continuation. The candle has a long wick, indicating that selling pressure is present, and changes colors, indicating that it is a bullish candle. If the candle is within the 38.2 retracement, it is a sign of a reversal. If the candle is within the 20 period moving average, the market is in a uptrend, and the previous resistance level is likely to become support, then the candle is valid and can be used as an entry point into a long-term trend.
  • 00:50:00 The 382 candle is a technical analysis indicator that can be used for reversals and trend continuation. It is also a good entry point for trend continuation trades.
  • 00:55:00 The video discusses how to use chart patterns to identify potential reversals and entries in the market. Chart patterns include double bottoms and double tops, which have objective rules that must be met in order for the pattern to be considered valid. The trader should wait for a pullback after the pattern is confirmed and then enter the market based on the level of support.

01:00:00 - 01:15:00

This video provides an introduction to technical analysis, explaining how to trade double bottoms and tops, and providing rules for when to enter a trade. It also discusses how to use chart patterns, including flag and breakout patterns, and provides a discount for the full course.

  • 01:00:00 This video explains how to trade double bottoms and tops, and provides an objective rule for when a double bottom or top is confirmed. It also provides examples of how to enter a trade.
  • 01:05:00 This video discusses how to use chart patterns, including flag and breakout patterns. The author recommends only trading these patterns when they occur above or near the 20-period moving average, as this is when the market is most volatile. He also provides specific rules for when to trade these patterns.
  • 01:10:00 This video explains how to trade flag and ascending/descending wedge patterns. Flag patterns take a few candles to set up, while ascending/descending wedges take between 20 and 50 candles. The pattern is identified by a level of resistance that the market is having trouble getting past, but at the same time, buyers are also interested in higher prices. When the market reaches this level of resistance, a breakout occurs, followed by a pullback. If buying pressure is detected, a trade may be placed. Bearish flag and ascending/descending wedge patterns are created by a level of support that has been hit multiple times, while bullish patterns are created by a level of resistance that has been hit only once. The next level of structure support or resistance can be determined by looking for a breakout of the level of resistance.
  • 01:15:00 The video teaches viewers how to create and implement a successful trading strategy, combining technical analysis with other important factors such as risk management and trading psychology. The video also provides a discount for those interested in the full course.

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